INVESTMENT SOCIETY.
SCHOOL TEACHERS' PLAN
(By Telegraph.—Press Association.)
WELLINGTON, Thursday.
A teachers' investment society to encourage thrift among members, to raise funds by way of contributions from members, and to make advances to members, is to be established by the New Zealand Educational Institute, which at the annual meeting , at Wellington to-day authorised the settinjr up of a provisional board for this purpose. The institute decided to guarantee £500 for the inauguration of the scheme and to invite from members applications for shares. In a report on the proposal it was suggested that monthly contributions should range from 5/ to 60/. The rate of interest to be allowed on contributions and charged on loans should be fixed by the board from time to time. •
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Auckland Star, Volume LXIX, Issue 111, 13 May 1938, Page 9
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124INVESTMENT SOCIETY. Auckland Star, Volume LXIX, Issue 111, 13 May 1938, Page 9
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